Solitario Resources Corp. (NYSEAMERICAN:XPL) Short Interest Update

Solitario Resources Corp. (NYSEAMERICAN:XPL) (TSE:SLR) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 82,279 shares, an increase of 141.6% from the December 31st total of 34,057 shares. Based on an average trading volume of 262,382 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 262,382 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Solitario Resources

Several institutional investors and hedge funds have recently made changes to their positions in the business. Focused Wealth Management Inc boosted its stake in Solitario Resources by 7.0% in the fourth quarter. Focused Wealth Management Inc now owns 610,900 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 40,000 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Solitario Resources in the 3rd quarter worth approximately $35,000. Finally, Citadel Advisors LLC acquired a new position in Solitario Resources during the 3rd quarter valued at approximately $194,000. 18.23% of the stock is currently owned by hedge funds and other institutional investors.

Solitario Resources Stock Down 2.5%

Shares of XPL stock traded down $0.02 during mid-day trading on Friday, reaching $0.78. The company’s stock had a trading volume of 654,722 shares, compared to its average volume of 444,774. The company’s 50 day simple moving average is $0.68 and its 200-day simple moving average is $0.70. Solitario Resources has a 12-month low of $0.54 and a 12-month high of $0.90. The firm has a market capitalization of $70.88 million, a PE ratio of -13.00 and a beta of 0.40.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Solitario Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Solitario Resources presently has an average rating of “Moderate Buy” and a consensus price target of $1.20.

About Solitario Resources

Solitario Resources Corp. is a mineral exploration and development company focused on base and precious metals in the Americas. Headquartered in Englewood, Colorado, the firm targets copper, gold and silver through a combination of strategic acquisitions, grassroots exploration and joint-venture partnerships. Solitario’s work spans the full project life cycle from early-stage target generation and permitting through advanced stage resource definition and prefeasibility studies.

The company’s project portfolio includes a range of properties across North and South America.